News
Carbon Pricing
December 30, 2022
Taiwan sets new emissions reduction goal for 2030
Taiwan aims to reduce carbon emissions by 23-25% by 2030 compared with 2005 levels in pursuit of achieving net-zero carbon emissions by 2050, the National Development Council said Wednesday at a press conference.
December 14, 2022EU strikes deal to tax carbon on imports
The European Union took a step forward to imposing a carbon tax on imports of energy-intensive goods such as steel and cement after striking a deal with EU members on Tuesday.
November 07, 2022Indonesia Stock Exchange signs MoU with green fintech to establish carbon trading platform
The Indonesia Stock Exchange (IDX) is set to work with MetaVerse Green Exchange (MVGX), a Singapore-based digital green exchange, to develop its first carbon credit trading platform in a bid to incentivize domestic high-emitting industries to reduce their
September 21, 2022South African businesses propose revisions to carbon tax rates
The Energy Council of South Africa and other business representatives have jointly proposed recommendations to South African government for the country’s carbon tax scheme under the draft Taxation Laws Amendment Bill.
August 11, 2022Australian climate advisers recommend establishment of national carbon market
Australia’s Climate Change Authority recently suggested Australia establish a transparent national carbon market and hint at integrating voluntary and compliance carbon markets.
July 15, 2022Indonesia’s carbon credit export potential hits Rp2.6 trillion
Indonesia’s carbon credit export potential in the forestry sector has reached Rp2.6 trillion (US$172.6 million) per year, said Finance Minister Sri Mulyani Indrawati at the Sustainable Finance for Climate Transition Roundtable, a G20 side event held on Ju
June 27, 2022Indonesia to defer carbon tax implementation amid global economic uncertainty
Indonesia’s carbon tax scheme, which was set to go into force in July, could be postponed due to global economic volatility and to give authorities time to prepare, according to a government official.
June 23, 2022EU’s historic carbon market overhaul gets green light from lawmakers
The European Parliament on Wednesday endorsed the long-anticipated carbon market reforms, easing worries that Europe’s climate actions might be delayed after legislators rejected the proposals in a first vote earlier this month.
June 15, 2022France urges EU to strengthen means against carbon price volatility
After the European Parliament voted down the key parts of carbon market reform, France, the holder of the EU rotating presidency, plans to ask the bloc to enhance a mechanism to prevent excessive carbon price spikes as part of the most comprehensive refor
June 10, 2022Canada’s newly launched carbon market draws criticism for its price
Canada unveiled on Wednesday its first federal carbon market, enabling governments, businesses and other organizations to offset their carbon dioxide emissions by purchasing credits.